Samih Sawiris acquires $400-million Moroccan tourism project, expands influence in North Africa
Billionaire Sawiris-led consortium to develop Essaouira Mogador with new hotels, resorts, and residential complexes.
Samih Sawiris
Egyptian billionaire Samih Sawiris’ firm makes strategic $6.8-million property sale
Orascom Development Egypt sells commercial property in O West to Seoudi Supermarket for EGP332 million ($6.8 million).
Egyptian billionaire Samih Sawiris’ tourism company in Europe files for bankruptcy
FTI has set up a hotline and website to assist customers, announcing that all trips starting June 4 will either be canceled or partially fulfilled.
Egyptian billionaire Samih Sawiris sells UAE tourism company for $40 million
The $40 million transaction includes the entire share capital of RAK, which holds leasehold rights to The Cove Rotana Hotel, a 349-room luxury resort in Ras Al Khaimah.
Egyptian billionaire Samih Sawiris’ firm sees revenue soar to $89 million in Q1 2024
The double-digit growth in Q1 2024 is attributed to accelerated construction activity across its various destinations and improved performance across all its operating segments.
Egyptian billionaire Samih Sawiris’ company to construct Africa’s largest skate park
Construction of Africa’s largest skate park is slated to commence later this year, with the grand opening scheduled for 2025.
Egyptian billionaire Samih Sawiris’ firm posts $63.5 million in profit in 2023
Despite Sawiris’ decision to step down as chairman in December 2021, the company continues to thrive, setting new benchmarks in the 2023 fiscal year.
Egyptian billionaire Samih Sawiris’ firm posts $631 million in revenue in 2023
Orascom Development Egypt, majority owned by Orascom Development Holding, operates within the orbit of businesses associated with the Sawiris family.
UAE-based firm linked to Samih Sawiris nears 90-percent acquisition of OFH in $137.5-million deal
Sawiris owns a 9.2-percent stake in UAE-based investment firm, B Investments.
Egyptian billionaire Samih Sawiris plans major tourism investment in Saudi Arabia
Sawiris’ foray into the Saudi Arabian tourism market follows a series of successful ventures in other countries.
Egyptian billionaire Naguib Sawiris supports brother’s decision to relocate investments to Saudi Arabia
Naguib Sawiris has defended his brother Samih’s statements on the difficulty of doing business in Egypt.
Samih Sawiris shifts focus to Saudi Arabia, puts new investments in Egypt on hold
Sawiris, along with his brothers Nassef and Naguib Sawiris, is one of Egypt’s wealthiest businessmen.
Egyptian billionaire Samih Sawiris leads $385-million investment to transform Morocco’s hospitality industry
Sawiris is a leading Egyptian billionaire and a member of the wealthy Egyptian Sawiris family.
Sawiris family, Egypt’s richest, suffers $800 million net worth loss in 2022
The family’s combined wealth includes the fortunes of Naguib, Samih, and Nassef Sawiris.
Meet four African billionaires who may no longer be billionaires by 2023
Among them is Zimbabwe’s richest man Strive Masiyiwa, the world’s 2,257th wealthiest person.